Real Estate News

A three-storey building has reportedly collapsed in Kakawa street, Lagos Island on Monday. According to a resident of the street, no one was trapped because the building was marked for demolition and occupants had vacated. The collapsed structure, however, affected a bungalow with three occupants. Details shortly…. READ ALSO: Lagos Govt. sets up panel to investigate Ita Faji ...

In a bid to solving the acute accommodation challenges in all the tertiary institutions in Niger state, Government has approved the construction of new set of hostels in all the institutions. The project which will be in phases will kick-start with the construction of new blocks of hostels at the state-owned Ibrahim Badamasi Babangida University, IBBUL and Justice Fati Lami ...

Residents of Oghara in Ethiope West Local Government Area of Delta State were yesterday caught unawares as what began as early morning showers suddenly became torrential rendering many homeless. Over 1,000 residents were rendered homeless, following the downpour yesterday morning that lasted over one hour. Areas affected include; Chief Eyaufe street, Lucky street by Omimi road, Okuemeva extension, Ibori road, ...

The Lekki Estate Residents and Stakeholders Association (LERSA) have called on the Federal Government to grant Lagos State a special city status and allocate one per cent of the nation’s budget to its development. The President of LERSA, Olorogun James Emadoye said that this had become necessary given the fact that the state is a commercial hub and a mega-city. ...

The Ekiti State Government has begun work on the construction of Ado-Osun State boundary road valued at N8.9bn. Governor Kayode Fayemi began the construction work on Thursday by formally handing over the first phase, the new Ado – Iyin Road construction project, to the Chinese Civil Engineering Construction Company Nigeria Ltd to commence work on the road which was originally ...

Manufacturers in the real sector have urged government across all levels to improve the quality of infrastructure in the industrial areas. The operators in a chat with our correspondent argued that the industrial sector depends heavily on constant power for production and good road network to facilitate logistics, stressing that all of these issues affect competitiveness of the real sector. ...

Delta State House of Assembly has approved a short term loan facility of N7.9 billion for Governor Ifeanyi Okowa to finance road construction and well as purchase buses for Delta Line Transport Services. Governor Okowa in a letter read by the Speaker, Hon. Sheriff Oborienwori said there was an urgent need for the state government to support some of its ...

A midday inferno, on Thursday, razed a building on No. 15 Adebiyi Street, Magodo Phase 1, Lagos State, destroying properties worth millions of naira. According to eyewitnesses, the fire started around noon and razed two flats on the upper floor of the one-storey building. The inferno could have wreaked more havoc but for the timely intervention of the men of ...

To mark the 2019 International Day of Forests (IDF) celebrated annually as tree planting day, members of Hall 7 Real Estate Management has called for massive sensitization of Nigerians on the need to preserve the environment through planting of trees. The chief executive officer of Hall 7 Real Estate, Mr. Olayinka Braimoh, stated this while speaking to journalists during tree ...

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, on Thursday in Lagos faulted the housing deficit figure of 17 million. He said that the data cannot be substantiated, wondering why it is being repeated and revalidated by various groups. He called for law and order which, he noted, were the most important ingredients to have a city that ...